Endoscopy
is a medical process that permits a doctor to investigate and observe the body
without performing any major surgery. An endoscope is a long, generally
flexible tube with a lens at one end and a video camera at the other. Normally,
an endoscope is inserted through one of the body's regular openings, like the
mouth. Thus, the endoscopy equipment market is expected to witness a CAGR
of around ~8% during the forecast period (2021–2027). This is mainly
due to the rising prevalence of gastroesophageal reflux diseases, celiac
disease, cardiology, neurology, orthopedic surgeries, inflammation, and biopsy
worldwide.
The endoscopy equipment market is negatively impacted to some extent due
to the COVID-19 pandemic. The major reason for the decline in endoscopy
procedures during the COVID-19 pandemic was a decrease in patient volume in
hospitals, hence, all elective surgeries were either canceled or postponed.
Moreover, healthcare providers rescheduled endoscopic procedures. Furthermore,
supply chain disruption, the shortage of healthcare professionals in the
pandemic, and changing regulations to curtail the infection in major geographic
regions significantly impacted the global market growth in 2020. However, the
market witnessed an upward growth in Q3 and Q4 of 2020.
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According to
UnivDatos Market Insights (UMI)’ research report
“global Endoscopy
Equipment Market”, the market is expected to witness robust
growth during the forecast period 2021-2027F.
Endoscopy is
a medical process that permits a doctor to investigate and observe the body
without performing any major surgery. An endoscope is a long, generally
flexible tube with a lens at one end and a video camera at the other. Normally,
an endoscope is inserted through one of the body's regular openings, like the
mouth. For instance,
according to the World Population Ageing Report 2019 by United Nations (UN), In
2019, there were 703 million persons aged 65 years or over in the global
population. This number is projected to double to 1.5 billion in 2050.
Based on product type, the market is classified into the endoscope,
visualization system, other endoscope equipment, and accessories. Among them,
in 2020, the endoscope category dominated the market and is expected to
maintain its dominance throughout the forecast period. This is mainly due to
the rising incidence of patients suffering from gastroesophageal reflux diseases (GERD), celiac disease, cardiology, neurology,
orthopedic surgeries, inflammation, biopsy, and the rising geriatric population worldwide.
For instance,
according to the national institutes of health (NIH), researchers estimate that about 20 percent of people in the United
States have gastroesophageal reflux diseases (GERD). Both the number of cases and the prevalence of
pollution have been steadily increasing over the past few decades.
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Based on application, the market is bifurcated into gastrointestinal
(GI) endoscopy, laparoscopy, obstetrics/ gynecology endoscopy, arthroscopy,
urology endoscopy (cystoscopy), bronchoscopy, ENT endoscopy, mediastinoscopy,
and others. Among them, in
2020, gastrointestinal (GI) endoscopy dominated the market. This high share of the segment is inferable from
the rising geriatric populace and the increasing cases of gastrointestinal
diseases. Also, the rising inclination for endoscopy procedure as a first-line
treatment for early detection and diagnosis of gastrointestinal problems
coupled with the rising accessibility of technologically advanced endoscopes
are some of the major factors driving the growth of the segment. For
instance, according to the research in 2019, the global prevalence of peptic
ulcer disease (PUD) was approximately 8 million, representing a 25.82% increase
from 1990.
Based on end-user, the market is bifurcated into hospitals,
ambulatory surgery centers, and others. In 2020, the hospitals category
accounted for the majority share during the forecast period owing to the rising adoption of endoscopy
equipment in hospitals, increasing government and private funding in the
healthcare sector, as well as the greater availability of skilled healthcare
professionals and technologically advanced facilities, and the increasing
number of hospitals, are further driving the category’s growth.
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North America to
witness extensive growth
For a better understanding of the market adoption of the endoscopy
equipment industry, the market is analyzed based on its worldwide presence in
the countries such as North America (U.S., Canada, Rest of North America);
Europe (Germany, United Kingdom, France, Spain, Italy, Rest of Europe); Asia-Pacific
(China, Japan, India, Australia, Rest of Asia-Pacific); and the Rest of World.
In 2020. North America held an extensive market share owing to the rising
prevalence of GERD, awareness, and well-established medical infrastructure and
facilities. In addition, the APAC region has the fastest growth during the
forecast period. Due to the increased cases of cardiac diseases, cancer, ulcer,
and rising chronic disease complications in the geriatric population.
According to UnivDatos Market
Insights (UMI)’, the key players with a considerable
market share in the global endoscopy
equipment market are Boston Scientific Corporation, Conmed Corporation, Fujifilm Holdings
Corporation, Johnson & Johnson, KARL STORZ, Medtronic plc, Stryker
Corporation, Olympus Corporation, Richard Wolf Gmbh, and Smith & Nephew plc.
“Global Endoscopy Equipment Market” provides comprehensive qualitative
and quantitative insights on the industry potential, key factors impacting
sales and purchase decisions, hotspots, and opportunities available for the
market players. Moreover, the report also encompasses the key strategic
imperatives for success for competitors along with strategic factorial indexing
measuring competitors’ capabilities on different parameters. This will help
companies in the formulation of go-to-market strategies and identifying the
blue ocean for its offerings.
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us – https://univdatos.com/report/endoscopy-equipment-market/
Market Segmentation:
1.
By Product Type (Endoscope,
Visualization System, Other Endoscope Equipment, Accessories)
2.
By Application (Gastrointestinal Endoscopy, Laparoscopy, Obstetrics/ Gynecology
Endoscopy, Arthroscopy, Urology Endoscopy (Cystoscopy), Bronchoscopy, Ent
Endoscopy, Mediastinoscopy, And Others)
3.
By end-user (Hospitals,
Ambulatory Surgery Centers/Clinics, Others)
4.
By Region (North America,
Europe, Asia-Pacific, Rest of the World)
5.
By Company (Boston Scientific Corporation, Conmed Corporation,
Fujifilm Holdings Corporation, Johnson & Johnson, KARL STORZ, Medtronic
plc, Stryker Corporation, Olympus Corporation, Richard Wolf Gmbh, and Smith
& Nephew plc)
Key questions answered in the study:
1. What are the current and future trends of the
global endoscopy equipment industry?
2. How the industry has been evolving in terms of
equipment and application?
3. How the competition has been shaping across
the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges
for the global endoscopy equipment industry?
5.
What
is the customer orientation, purchase behavior, and expectations from the
global endoscopy equipment suppliers across various region and countries?
Table of Content –
1 MARKET
INTRODUCTION
2 RESEARCH
METHODOLOGY OR ASSUMPTION
3 MARKET
SYNOPSIS
4
EXECUTIVE SUMMARY
5
ENDOSCOPY EQUIPMENT MARKET COVID-19 IMPACT
6
ENDOSCOPY EQUIPMENT MARKET REVENUE (USD BN), 2019-2027F
7 MARKET
INSIGHTS BY PRODUCT TYPE
8 MARKET
INSIGHTS BY APPLICATION
9 MARKET
INSIGHTS BY END-USER
10 MARKET
INSIGHTS BY REGION
11
ENDOSCOPY EQUIPMENT MARKET DYNAMICS
12
ENDOSCOPY EQUIPMENT MARKET OPPORTUNITIES
13 ENDOSCOPY
EQUIPMENT MARKET TRENDS
14 DEMAND
AND SUPPLY-SIDE ANALYSIS
15 VALUE
CHAIN ANALYSIS
16
COMPETITIVE SCENARIO
17 COMPANY
PROFILED
18
DISCLAIMER
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